Correlation
The correlation between NLCP and TRGP is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NLCP vs. TRGP
Compare and contrast key facts about NewLake Capital Partners, Inc. (NLCP) and Targa Resources Corp. (TRGP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NLCP or TRGP.
Performance
NLCP vs. TRGP - Performance Comparison
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Key characteristics
NLCP:
-0.62
TRGP:
1.09
NLCP:
-0.83
TRGP:
1.48
NLCP:
0.90
TRGP:
1.22
NLCP:
-0.39
TRGP:
1.46
NLCP:
-1.17
TRGP:
3.62
NLCP:
15.33%
TRGP:
10.87%
NLCP:
26.74%
TRGP:
35.18%
NLCP:
-58.59%
TRGP:
-95.21%
NLCP:
-37.81%
TRGP:
-26.62%
Fundamentals
NLCP:
$299.46M
TRGP:
$34.38B
NLCP:
$1.25
TRGP:
$5.42
NLCP:
11.46
TRGP:
29.14
NLCP:
5.90
TRGP:
2.10
NLCP:
0.75
TRGP:
13.98
NLCP:
$50.73M
TRGP:
$16.44B
NLCP:
$49.89M
TRGP:
$3.65B
Returns By Period
In the year-to-date period, NLCP achieves a -15.78% return, which is significantly lower than TRGP's -10.70% return.
NLCP
-15.78%
0.49%
-20.28%
-16.81%
-1.27%
N/A
N/A
TRGP
-10.70%
-2.72%
-21.98%
36.20%
32.79%
57.67%
10.91%
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Risk-Adjusted Performance
NLCP vs. TRGP — Risk-Adjusted Performance Rank
NLCP
TRGP
NLCP vs. TRGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NewLake Capital Partners, Inc. (NLCP) and Targa Resources Corp. (TRGP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
NLCP vs. TRGP - Dividend Comparison
NLCP's dividend yield for the trailing twelve months is around 12.01%, more than TRGP's 2.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLCP NewLake Capital Partners, Inc. | 12.01% | 9.71% | 9.81% | 8.99% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRGP Targa Resources Corp. | 2.06% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% | 2.52% |
Drawdowns
NLCP vs. TRGP - Drawdown Comparison
The maximum NLCP drawdown since its inception was -58.59%, smaller than the maximum TRGP drawdown of -95.21%. Use the drawdown chart below to compare losses from any high point for NLCP and TRGP.
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Volatility
NLCP vs. TRGP - Volatility Comparison
The current volatility for NewLake Capital Partners, Inc. (NLCP) is 6.08%, while Targa Resources Corp. (TRGP) has a volatility of 8.02%. This indicates that NLCP experiences smaller price fluctuations and is considered to be less risky than TRGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NLCP vs. TRGP - Financials Comparison
This section allows you to compare key financial metrics between NewLake Capital Partners, Inc. and Targa Resources Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NLCP vs. TRGP - Profitability Comparison
NLCP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, NewLake Capital Partners, Inc. reported a gross profit of 12.58M and revenue of 13.21M. Therefore, the gross margin over that period was 95.3%.
TRGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Targa Resources Corp. reported a gross profit of 936.10M and revenue of 4.56B. Therefore, the gross margin over that period was 20.5%.
NLCP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, NewLake Capital Partners, Inc. reported an operating income of 6.49M and revenue of 13.21M, resulting in an operating margin of 49.2%.
TRGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Targa Resources Corp. reported an operating income of 543.30M and revenue of 4.56B, resulting in an operating margin of 11.9%.
NLCP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, NewLake Capital Partners, Inc. reported a net income of 6.30M and revenue of 13.21M, resulting in a net margin of 47.7%.
TRGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Targa Resources Corp. reported a net income of 270.50M and revenue of 4.56B, resulting in a net margin of 5.9%.